Nuveen Asset Management LLC Buys 577,620 Shares of Mirion Technologies, Inc. (NYSE:MIR)

Nuveen Asset Management LLC increased its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 72.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,371,004 shares of the company's stock after buying an additional 577,620 shares during the period. Nuveen Asset Management LLC owned about 0.59% of Mirion Technologies worth $23,924,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its position in Mirion Technologies by 29,948.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company's stock valued at $73,550,000 after acquiring an additional 4,200,894 shares during the last quarter. Brown Advisory Inc. purchased a new position in Mirion Technologies during the fourth quarter worth about $66,520,000. William Blair Investment Management LLC purchased a new stake in shares of Mirion Technologies during the fourth quarter valued at approximately $53,066,000. Bornite Capital Management LP bought a new stake in Mirion Technologies in the fourth quarter worth about $36,942,000. Finally, Millennium Management LLC lifted its stake in Mirion Technologies by 100.6% in the fourth quarter. Millennium Management LLC now owns 3,105,374 shares of the company's stock valued at $54,189,000 after purchasing an additional 1,557,077 shares during the last quarter. 78.51% of the stock is owned by institutional investors.

Insider Transactions at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 500,000 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $17.94, for a total transaction of $8,970,000.00. Following the sale, the director now owns 61,287 shares in the company, valued at approximately $1,099,488.78. This represents a 89.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MIR. Citigroup reduced their target price on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird dropped their price target on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Finally, B. Riley lowered their price objective on Mirion Technologies from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $18.75.

Mirion Technologies Stock Performance

Shares of NYSE MIR traded down $0.31 during midday trading on Wednesday, hitting $19.13. 486,700 shares of the company's stock traded hands, compared to its average volume of 2,158,295. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of -100.68 and a beta of 0.74. The firm has a fifty day moving average of $15.42 and a 200 day moving average of $16.00. Mirion Technologies, Inc. has a 1 year low of $9.11 and a 1 year high of $19.64.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The business had revenue of $202.00 million during the quarter, compared to analyst estimates of $199.34 million. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. Mirion Technologies's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Mirion Technologies Company Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.